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Thursday, 06 August 15
THE RATES FOR CAPES SHOOT UP LAST WEEK; GIVING THIS RECENT RALLY SOME MUCH NEEDED LEGS - INTERMODAL
Intermodal LogoCOALspot.com: The Dry Bulk market noted another positive closing last week, entirely supported by Capesize performance, which managed to balance things out in a market that was partly moving up and partly running out of steam, said Intermodal, an Athens based ship broker. The broker further noted that, whether this slowdown in the rest of the segments is due to seasonal reasons or whether the potential of this recent upturn for dry bulk freight rates has reached its ceiling for now, is something that will be probably easier to answer in a couple of weeks time, but we would definitely feel more comfortable if the BDI was currently moving ahead based on improved performance by the entire market rather than Capes alone.

According to intermodal broker, rates for Capes shoot up last week, giving this recent rally some much needed legs, as we are now entering the fifth consecutive week of gains for the segment. Activity in both basins remained firm throughout the week, while this current week has also kicked off on a very strong note, reflected both in fixture rumours but also in the paper market that keeps strengthening day by day.

The broker also noted that, the Panamax segment underperformed the market last week, while things started to slow down considerably mid-week onwards. The Panamax Atlantic market moved sideways with charterers out of East Coast South America trying to force ideas down, while Pacific rates were off last dones.

The Handy/Handymax/Supramax Atlantic market saw overall steady enquiry last week with rates holding around last dones, while rates in the Pacific were looking for direction during the biggest part of the week, says Intermodal.


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Recent News

Monday, 03 August 15
NEWCASTLE COAL SWAPS DECLINE FURTHER THIS PAST WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery down $ 1.92 per MT (-4.22%) month over month to US$ 43.58 per mt. The swap ...


Monday, 03 August 15
CFR SOUTH CHINA COAL SWAPS SLIDE THIS WEEK
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined US$ 1.64 (3.14%) per MT month over month. A commodity swap ...


Sunday, 02 August 15
CAPESIZE RATES PUSH BDI UPWARD
COALspot.com: The freight market was buoyant this week as BDI rose 4.14 pct to 1131 points. The cape index was also increased 16.50 pct 2209 points ...


Saturday, 01 August 15
DRY BULK MARKET KEEPS ITS MOMENTUM, AS OUTLOOK IMPROVES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Although conditions remain more than challenging, especially from an economic point of view (aka China’s stock worries), the dry bulk market ...


Friday, 31 July 15
CAPE'S PAPER MARKET REMAINS FIRM - INTERMODAL
COALspot.com: The positive sentiment that the Dry Bulk market has been enjoying as of the previous month, was carried through last week as well, bu ...


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